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Top oil exporter Saudi Arabia may raise prices of light crude grades to Asia for the second straight month in August on the back of record distillate margins and strong spot premiums for Middle Eastern oil this month. The official selling price (OSP) for Saudi’s flagship Arab Light crude could rise by about $2.4 a ...
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
As the prices of all types of fuel exceeded the Dhs4-mark for the first time in the history of the UAE.
With global inventories steadily falling and spare capacity eroding, the oil market resembles a geological fault line in which stress is quietly accumulating and will eventually be relieved by an earthquake of as yet unknown magnitude. The most likely stress relief will come from a deceleration in oil consumption as…
Some gauges are at previously unthinkable levels.